Update report by SparkLabs Group (www.sparklabsgroup.com) that provides an overview of general technology trends, global venture capital trends, and startup trends around the world. Snapshots of the top 10 startup hubs in the world: Silicon Valley, NYC, London, Stockholm, Shanghai, Tel Aviv, Beijing, Seoul, Boston, and Los Angeles.

2. • Startup Trends in Asia
• AV & AI Industry Trends
• Mobile Industry Trends
• Global VC Trends
• Top Ten Startup Hubs 2019
CONTENT

3. Startup Trends in Asia

4. The global middle class
is expected to grow to
4.9 billion people by
2030 and two-thirds
will be in Asia.
OECD defines “middle
class” as households
that spend $10-$100
per person each day. In
2009, there were 1.8
billion people in this
middle class.
Asia’s Rapidly
Rising
Middle Class

5. 67.1%
63.6%
56.8%
44.2%
39.1%
25.5%
25.4%
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%
South Korea
Thailand
Taiwan
Indonesia
Japan
China
India
Percentage of total
entrepreneurial activity
Source: GEM
Note: Asia; 2018; 18-64 years; about 2,000 per country; data is composed of the Adult Population Survey and the National Expert Survey
Improvement-driven Opportunity
Activity in Asia
Improvement-driven opportunity activity in Asia during 2018

6. Source(s): KOTRA (Invest KOREA); KVCA
Startup Investments in South Korea
VC investee number in South Korea 2006-2018
617 615
496 524 560
613
688
755
901
1,045
1,191
1,266
1,399
0
200
400
600
800
1000
1200
1400
1600
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Numberofinvestees

7. Source(s): KISED; MSS
Number of Startups in South Korea
by 2018
Startups in South Korea by business age
520,297
402,369
308,413
241,327
206,614
174,111
148,543
0
100000
200000
300000
400000
500000
600000
1 year old 2 years old 3 years old 4 years old 5 years old 6 years old 7 years old
Numberofcompanies

8. Source: Zero2IPO
Number of New Startup Investments
in China
Number of new startup investments in China 2008-2018
607 477
817
1,505
1,071 1,148
1,917
3,445
3,683
4,822
4,321
0
1000
2000
3000
4000
5000
6000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Numberofnewventurecapital
investments

9. Source: CB Insights
China’s Leading Unicorn Companies
Most valued unicorn companies in China 2019
75
56
12
10
6.6
5.8
6
5.7
5
5
0 10 20 30 40 50 60 70 80
Toutiao (Bytedance)
Didi Chuxing
Bitmain Technologies
DJI Innovations
Guazi (Chehaoduo)
Lianjia (Homelink)
Manbang Group
EasyHome
United Imaging Healthcare
UBTECH Robotics
Valuation in billion U.S. dollars

10. Source: EY
Number of Startup Deals Across India
in 2018
Startup financing deals in India by sector 2018
32
23
22
18
16
16
16
15
14
11
10
8
8
4
0 5 10 15 20 25 30 35
B2C (horizontal and vertical)
FinTech
HealthTech
EdTech
B2B
Mobility
Others
Hyperlocal
Social
Online classifieds and services
Logistics tech
Wallets/ payments
Travel and hospitality
Gaming
Number of deals

11. Source: World Bank
Ease of Doing Business in India
World Bank Ranking for India 2014-2018
53.97
54.68
55.27
60.76
67.23
52.6
54.6
56.6
58.6
60.6
62.6
64.6
66.6
68.6
2014 2015 2016 2017 2018
Easeofdoingbusinessscore

12. AV & AI Technology Trends

13. Autonomous Driving Market 2019
According to Allied Market Research, the global autonomous vehicle
market is valued at $54.23 billion in 2019, and is expected to reach $556.67
billion by 2026, with CAGR of 39.47% from 2019 to 2026.

14. The top factors impacting the Autonomous
Vehicle market include development of
smart cities, rise in demand for connected
cars using IoT, and high component cost.
By geography, North America accounted
for over two-fifths of the total market
share in 2019. Europe is expected to grow
at the fastest CAGR of 42.95% during the
forecast period.
Source: Allied Market Research
Autonomous Driving Market 2019

15. “Global nations […] are competing
against each other to be the place to
not only develop but to deploy CAVs in
the real world.”
- Mike Hawes, CEO
The Society of Motor Manufacturers and Traders (SMMT)
Source: Connected and Autonomous Vehicles: Winning the Global Race to Market (2019) - SMMT
Autonomous Driving Market 2019

16. AI Global Spending 2019
International Data Corporation (IDC) states that global spending on artificial intelligence
(AI) systems will reach $37.5 billion in 2019, and is expected to grow by 2.5 times to
$97.9 billion in 2023, with CAGR of 28.4% over the 2018-2023 forecast period.
Retail and banking industries will lead spending on AI systems with over $5 billion each in
2019. The fastest spending growth will arise in media and governments.

17. The three largest use cases
for AI systems – automated
customer service agents,
automated threat
intelligence and prevention
systems, and sales process
recommendation and
automation – will deliver
25% of all AI systems
spending in 2019.
AI Global Spending 2019

18. AI Global Spending 2019

19. Global VC funding in
AI increased by 4x
between 2015 and
2018, while
enterprise
investment in AI is
expected to jump by
19x between 2018
and 2025.
AI Global Spending Forecast

20. Mobile Industry Trends

21. According to Gartner, the worldwide shipments of PCs, tablets and smartphones are
predicted to decline by 3.7% in 2019. After years of growth in the worldwide smartphone
market, sales of smartphones will decrease by 3.2%, due mainly to the fact that the
lifetimes of premium phones have increased.
On the other hand, the share of 5G phones will increase from 10% in 2020 to 56% in
2023.
Mobile Device Forecast
0 50 100 150 200 250 300
Total PC Market
Ultramobiles, Premium
Traditional PCs (Desk-Based
and Notebook)
Worldwide Device Shipments – PC,
2018-2021 (Millions of Units)
2018 2019 2020 2021
0 1000 2000
Total Device Market
Mobile Phones
Computing Device Market
(Total PC Market +
Ultramobiles, Basic and Utility)
Worldwide Device Shipments -
Computing Device & Mobile Phones,
2018-2021 (Millions of Units)
2018 2019 2020 2021
Source: Gartner (September 2019)

22. Global Connectivity in 2019
According to GSMA, global 4G connectivity will exceed half of connections in 2019,
reaching up to 59% by 2025. 5G launches began in 2019. 5G will take up 15% of global
connectivity by 2025.

23. With the U.S. and South Korea leading the way, 18 countries will have
launched commercial 5G networks by the end of 2019.
Global Connectivity in 2019

24. Global VC Trends

25. Global Venture Financing Trends
In 2019, global VC investment remained solid despite a slight decline compared to
2018, with a large number of $100 million+ megadeals across the U.S., Americas, and
Europe.
Globally, VC-backed
companies raised:
$53.0B across 2,657
deals in Q1’19
$52.7B across 3,855
deals in Q2 ‘19
$55.7B across 4,154
deals in Q3 ‘19

26. Angel and seed stage
deals and dollars
have decreased since
2018.
Also late stage
investment dollars
seemed to have
decreased in 2019
even with supposedly
increase of late-stage
participation of non-
traditional investors,
such as hedge funds.
We are waiting for
the final count in
2019.
Global Venture Financing Trends

27. Q3 2019 saw a
diverse range of
mega-deals across 9
cities in 5 countries
where $5.7 billion
was raised.
The most capital
raised was from
Chinese startups
totaling $2.33 billion
during Q3 2019.
Global Venture Financing Trends

28. Source(s): Thomson Reuters; NVCA
Value of U.S. Venture Capital
Investment in 2018
VC investment value by industry in 2018
46.82
17.38
6.8 5.87 5.4
2.63 2.28 1.75 1.37
40.63
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
50.0
Software Pharma &
Biotech
HC services
& systems
HC devices
& supplies
Commercial
services
Comsumer
goods &
recreation
IT hardware Energy Media Other*
ValueinbillionsofU.S.dollars
Value in billions of U.S. Dollars

29. Source(s): PwC; Thomson Reuters NVCA
Value of US. Venture Capital Investments
Value of U.S. venture capital investments from1995-2018
0
20
40
60
80
100
120
140
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ValueinbillionU.S.dollars
Value in billions of U.S. Dollars

30. Source(s): KPMG; PitchBook
Note: Includes South, Central and North America
Median Deal Size of Startups in the
Americas by Stage
The Americas: VC median deal size 2015-2017 by stage
0.7 0.9 1
4
5
6
10 10
11.2
0
2
4
6
8
10
12
2015 2016 2017*
DealsizeinmillionU.S.dollars
Angel/seed Early stage VC Later stage VC
in millions of U.S. Dollars

31. AZ $539 million
CA $77.3 billion
CO $1.64 million
CT $683 million
D.C. $676 million
FL $1.73 billion
GA $1.14 billion
IL $1.79 billion
IN $368 million
MA $11.8 billion
MN $786 million
NJ $732 million
NY $14.3 billion
NC $2.62 billion
OH $1.03 billion
PA $1.49 billion
TX $2.69 billion
VA $743 million
WA $2.96 billion
Top 20 States for Total Venture Capital
Investments in 2018
Source(s): NVCA; PitchBook

32. Source: Dow Jones
Equity Financings into Startups in the U.S.
Equity financings into VC backed companies in the U.S. 2016-2019
0.04 0.55 0.01 0.08 0.06 0.04 0 0.03 0 0.04 0 0.02 0.12
9.43
11.6
7.54
10.06
12.56
14.31
13.22
14.92
18.53
17.8 17.96
13.65
18.72
2.86 2.51
2.12
4.14 3.34
3.79
3.22
4.95 3.65
4.92
3.01
7.71
4.32
2.45
3.25
2.34
3.47 3.43
2.47
3.63
4.48 4.24
4.99 5.14
3.37 4.53
0.22 0.17 0.23
0.35 0.43
0.4
0.4 0.47 0.54 0.54
0.51 0.3 0.46
-1.9
3.1
8.1
13.1
18.1
23.1
Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019
EquityfinancingsinbillionU.S.dollars
Restart Later Second First Seed
Value in billions of U.S. Dollars

33. Sources: PwC; Thomson Reuters; NVCA
Value of VC Investment in the
U.S. by Industry
Value of venture capital investment in the U.S. Q2 2019 by industry
12,037
4,580
3,065 2,661
1,456 1,074 1,040 693 470 432 432 299 210 201 53
0
2000
4000
6000
8000
10000
12000
14000
Internet
Healthcare
M
obile
&
Telecom
m
unications
Softw
are
(non-internet/m
obile)
Autom
otive
&
Transportation
Com
puterHardw
are
&
Services
Industrial
Consum
erProducts
&
Services
Financial
Food
&
Beverages
Energy
&
Utilities
Leisure
Business
Products
&
Services
Electronics
Agriculture
ValueinmillionU.S.dollars
in millions of U.S. Dollars

34. VC investment in Asia slowed significantly, while other regions, especially
Europe, saw a strong increase in investment. In Q3, Europe already
exceeded 2018’s record level of VC investment.
Global Venture Financing Trends

35. Source: Dealroom.co
Total Value of VC Investments in Europe
Value of venture capital investments in Europe from 2013-2018
6.5
9.9
14.3
15.5
20.2
21.2
0
5
10
15
20
25
2013 2014 2015 2016 2017 2018
Inbillioneuros
in billions Euros

36. Top Ten Startup Hubs 2019

37. Silicon Valley
New York
London
Stockholm
Seoul
Tel Aviv
Beijing
Los Angeles
Boston
Top Ten Startup Hubs 2019
Shanghai

38. What defines a leading
global startup hub?
• Engineering Talent
• Entrepreneurs / Mentors
• Technical Infrastructure
• Funding Ecosystem & Exits
• Startup Culture
• Legal & Policy Infrastructure
• Economic Foundation
• Government Policies & Programs
Top Ten Startup Hubs 2019

39. Population of Top 10
Global Startup Hubs
* population by metro area
A view of San Fransokyo from Disney's 'Big Hero 6'
Image Credit: Walt Disney Animation Studios
1. Silicon Valley
7.4 Million
2. Beijing
24.9 Million
3. Stockholm
2.2 Million
4. Tel Aviv
4.1 Million
5. New York City
20.2 Million
5. Shanghai
34.9 Million
7. Los Angeles
18.7 Million
7. Seoul
25.7 Million
9. Boston
8.3 Million
10. London
14.2 Million
Top Ten Startup Hubs 2019

40. “Entrepreneurship ecosystems are developing
all over the globe – but no place is like Silicon
Valley where ideas, ambitions, capital and
experience still come together in a unique,
catalytic way that fosters the creation of
exceptional startups.”
Jeff Clavier,
Founder & Managing
Partner of Uncork Capital
On Silicon Valley
Uncork Capital is a pioneer in the micro-
VC market. Founded in 2004 as SoftTech
VC, we raised one of the very first
institutional Seed funds in 2007: $15M
Fund II. Now deploying our $100M sixth
fund, we have invested in over 200
companies, including Mint, Eventbrite,
SendGrid, Fitbit, Vungle, Postmates,
Poshmark, Front, LaunchDarkly and
others.

41. Unicorns of Top 10
Global Startup Hubs
Our definition of a “unicorn”:
Current Private Companies
Valued at $1B+
(Sources: CB Insights, Hurun Research Institute)
1. Silicon Valley
111 Unicorns
2. Beijing
98 Unicorns
3. Stockholm
3 Unicorns
4. Tel Aviv
5 Unicorns
5. New York City
29 Unicorns
5. Shanghai
51 Unicorns
7. Los Angeles
15 Unicorns
7. Seoul
11 Unicorns
9. Boston
12 Unicorns
10. London
12 Unicorns
Top Ten Startup Hubs 2019

42. “Silicon Valley is the best place in the world to
scale a startup. Once a startup hits product-
market-fit, it should absolutely have a presence in
the Valley to benefit from the knowledge and
resources about scaling.”
Ben Casnocha,
Partner at Village GlobalBen is Co-author of the #1
New York Times bestselling
career strategy book “The
Start-Up of You: Adapt to
the Future” (with Reid
Hoffman). At 14, he was
Founder of Comcate, an e-
government technology
firm.
On Silicon Valley

43. 111 Unicorn Startups in Silicon Valley
Silicon Valley

44. “Beijing is great for startups because it's not
only the center for tech, business, politics and
culture in China, but also has a large early
adoption market for new technology and
consumer trends. The city is littered with co-
working spaces and events for startups. VCs
are hungry to invest in great companies.
Besides Silicon Valley, Beijing is the next most
vibrant place for startups.”
Anna Fang, CEO &
Partner of ZhenFund
Anna is Head of the largest
seed fund in China with over
$500 million AUM. Since
starting the fund in 2011
with Xu Xiaoping, Anna has
managed the fund’s over 300
early stage investments.
On Beijing

45. 98 Unicorn Startups in Beijing
Beijing

46. “Israel is en route to breaking a record in
fundraising in 2019, with almost a billion in
capital raised by startups in September alone.
The combination of entrepreneurial technical
talent, availability of venture capital, and over
350 multinational R&D centres operating in the
country, make Israel a unique startup ecosystem.
The fact that the Israeli market is negligible, also
contributes to Israeli startups thinking global
from day one.”
Eze Vidra,
Co-founder &
Managing Partner at
Remagine Ventures
Eze is Co-founder and
Managing Partner at
Remagine Ventures.
Previously, he was a General
Partner at Google Ventures
(GV), the European head of
Google for Entrepreneurs
and the founding head of
Campus London, Google’s
first physical hub for
startups.
On Tel Aviv

47. 5 Unicorn Startups in Tel Aviv
Tel Aviv

48. “Israel is a unique hub. It’s where different ethnicities
mix, where kids fresh out of high school are entrusted
with the most technological advanced defense systems
in the world and quickly fall in love with technologies
and comradeship. It’s a hub that embraces
entrepreneurship, is not shaken by failures and
encourages perseverance and never giving up.
Meetups, street fairs, conferences, accelerators, shared
spaces all play a role in cultivating this amazing
ecosystem. The open, easily accessible and helpful local
entrepreneurs community is the most fertile soil for
anyone attempting to turn a cyber, medical, AI, agritech,
fintech, media or any other vision into a thriving
startup.”
Ariel Yarnitski
Entrepreneur, Advisor, Investor
On Tel Aviv
Ariel is a Founder, CEO and
GM of ground breaking
products and technologies
touching the lives of over 1
billion users worldwide.
Products such as ICQ (the
pioneering global instant
messaging platform),
Speedbit (data, download
and video acceleration
platform with over 400
million users); and others.

49. “The Stockholm startup ecosystem is on fire,
with Spotify, Mojang, King and Klarna leading the
way. A new generation of companies that
includes Truecaller, Lifesum and Trustly are
following in their footsteps. Stockholm's secret
sauce is a mix of great products, engineering
skills, Nordic design and a culture of going
international from day one. This is attracting
people and capital from all over the world and
reinforcing the fact that Stockholm is one of the
best places in Europe to build a startup.”
Henrik Torstensson,
CEO of Lifesum
Lifesum is digital health
startup that offers its users a
flexible platform to support
and encourage a healthy,
balanced lifestyle. They have
won Best of App Store 3 years
in a row. Their investors
include Nokia Growth
Partners, Bauer Media, and
SparkLabs Global Ventures.
On Stockholm

50. 3 Unicorn Startups in Stockholm
Stockholm

51. “Los Angeles occupies a unique position as the
center of the global entertainment industry.
Companies who want access to content, talent and
media knowledge are all locating offices here. Los
Angeles also has a rich set of experienced
entrepreneurs, angel investors and venture capital
that can help new companies scale and grow.”
Sam Wick, Head of UTA Ventures
Sam is currently Head
of UTA Ventures.
Previously he was EVP
& GM, Enterprise at
Maker Studios, which
was acquired by
Disney in 2014.
On Los Angeles

52. 15 Unicorn Startups in Los Angeles
Los Angeles

53. “The NY Tech scene is now almost completely
unrecognizable to what it was in the
aughts. MarTech / AdTech and Fintech are still
very strong anchors, however now you have a
significant number of successful consumer and
enterprise cohorts outside of this realm,
widening the startup sector spectrum here, and
the money is following. It’s an exciting time
indeed for NY Tech right now!”
Carter Adamson,
Partner at Atomico
Carter Adamson is a Partner at
Atomico. He co-founded the
online music service Rdio, and
Sum, a health and wellness
wearable startup. He was head
of product at Skype, a senior
program manager at ICQ whilst
they were hitting their stride,
and was director of product
strategy at AOL during its peak.
On NYC

54. 29 Unicorn Startups in New York City
NYC

55. “New York's technology and venture ecosystem
continues to evolve at a steady pace. The
richness of talent combined with the diversity of
industry provides limitless potential. And let's
face it, there is no place like the Big Apple!”
Craig Shapiro,
Founder &
Managing Partner at
Collaborative Fund
Craig Shapiro is an
entrepreneur and investor at
Collaborative Fund. He helped
pioneer several mobile and
interactive television
initiatives in the U.S.,
including the first multi-
carrier live voting in Super
Bowl XXXVI.. Previously, he
was President of GOOD
magazine.
On NYC

56. 51 Unicorn Startups in Shanghai
Shanghai

57. “The biggest advantage of the Seoul startup
ecosystem is in the people. More and more top tier
talent are joining startup companies. They show an
intense commitment to a team and do their part
quickly, actively with an enthusiastic tendency that
is a strength of Korean professionals.
With its high purchasing power and population
density, Seoul is particularly competitive,
but it is still the best environment for developing
startup ideas.”
Mihee Kim, Founder &
CEO of Tutoring
On Seoul
Mihee Kim is the
Founder & CEO of
Tutoring, which is a
portfolio company of
SparkLabs Korea.

58. 11 Unicorn Startups in Seoul
Seoul

59. “In my mind, the two most important factors that makes
Seoul one of the best ecosystems for startups is its people
and infrastructure. In a city where 40% of the population
of South Korea is living in Seoul, the population has
experienced internet speeds years ahead of any other city
in the world which in turn has produced a technically savvy
work force and customer base. It is no coincidence that
many businesses such as SNS and mobile social gaming
were successful in Korea many years before it became
globally popular. Because it is the most connected city in
the world, entrepreneurs can offer services now that may
not be possible anywhere else until later when internet
speed and/or user adoption catches up.”
Chris Koh, Co-founder of
SparkLabs Ventures &
Co-founder of Coupang
Chris is Co-founder of
Coupang, which is the
leading ecommerce
company in South Korea.
They recently raised $3
billion from Softbank
and previously raised
capital from Sequoia
Capital Global Equities,
BlackRock Private Equity,
and others.
On Seoul

60. 12 Unicorn Startups in Boston
Boston

61. “The Boston talent pool is unrivaled and the
community is very hungry for breakout
companies. While there can be disadvantages to
being outside the hype zone, I love that it provides
space to focus and build transformational
products. And I love that the community rallies
around emerging companies more than I've seen
in any other city.”
Pat Kinsel, Founder &
CEO of Notarize
Pat is Founder & CEO of
Notarize and a Venture
Partner at Polaris
Partners. He was Co-
founder & CEO of
Spindle, which was
acquired by Twitter in
2013.
On Boston

62. 12 Unicorn Startups in London
London

63. "London has a unique combination where in one
single city there is strong concentration of deep
technical talent alongside people with business
experience across multiple sectors and it's also the
seat of government and regulation. For the new
wave of startups coming up that are tackling real
world issues, it's an ideal starting ground to
coordinate across all these domains.”
Aneesh Varma, Co-founder &
CEO of Aire
Aire gives people a new
credit score to help them
qualify for essential
financial products. The
company’s investors include
Crane Ventures, White Star
Capital, Sunstone Capital,
Experian Ventures,
TechStars/Barclays
Accelerator, and SparkLabs
Global Ventures.
On London

64. The Next 10

66. "There’s never been a better time to start a
business in Chicago. Unrivaled access to top
engineering and entrepreneurial talent, a robust
seed and pre-seed funding ecosystem, an
abundance of mentors. And all this in the most
livable city in the United States. Breakout
companies such as Project44, Cameo, SpotHero
continue to emerge as our startup ecosystem
matures.”
Alan Warms,
Co-founder & President at
Participate Capital
Alan has played key roles in
acquiring, investing in, and
founding more than 10
small businesses over the
last 20 years. He also
founded BuzzTracker.com
and associated
technologies and sold to
Yahoo! in 2007 where he
subsequently ran Yahoo!
News, Technology and
Education.
On Chicago

67. “Singapore has steadily built a robust ecosystem
for startups over the past decade which has
resulted in late stage regional startups, venture
capital funds and corporations setting up their
headquarters in the city-state. Singapore has
positioned itself successfully as the startup hub for
Southeast Asia.”
Michael Lints
Partner at
Golden Gate Ventures
Michael Lints is a partner
at Golden Gate Ventures.
Michael has helped raise
over $60M USD for
Golden Gate Ventures
and its portfolio
companies. In 2018
Michael joined the
Kauffman Fellowship
program in the U.S.
On Singapore

68. “Shenzhen is without a doubt the heart of the new Silicon
Valley of Asia aka The Greater Bay Area. With everyone
discussing the future, Shenzhen is already living in it with
5G hardware and networks, a proliferation of electric
vehicles, complete mobile payments within a cashless
society, and a sandbox for creating the future in many
different verticals, Shenzhen has already found a way to
build that within China and will be a model for every
other city on the planet that cares about building the
future. Shenzhen will still be reliant on Hong Kong for
global finance but everything else will be developed in
Shenzhen for the world. It’s a new dawn for this city as it
has overtaken Shanghai, Hong Kong and Guangzhou in
the top tech cities of China.
Casey Lau
Co-founder, StartupsGBA
Casey Lau co-founded
StartupsHK over ten
years and is a pioneer
of the Hong Kong
tech scene. He is also
the Co-host of RISE,
which is Web
Summit's Asia
conference. Casey is
Managing Partner at
Dimsum Ventures, an
Asia-based proptech
fund.
On Shenzhen

69. "Taipei has a startup ecosystem full of deep-tech
and e-commerce startups with a rich culture of
local and expat founders. Taipei provides a
playground where you will find talented HW/SW
engineers, excellent manufacturing, affordable
rent, and a large pool of resources (governmental
and private).”
Yadia Colindres,
Co-founder & COO at
FOX-TECH CO
FOX-TECH is digitally
transforming F&B
businesses operations and
increasing the food safety
and storage through their
IoT platform with data
analytics. The company
was part of SparkLabs
Taipei’s first batch.
On Taipei

70. “Berlin is a great place to start a business. You will
find a diverse and mature startup scene covering
the entire lifecycle from angel funding to growth
capital funding. Affordable living, English as a
common language, and the geographical position
between Eastern and Western Europe attract
numerous international professionals and
millennials. Overall an exciting city to live and work
in.”
Christian Miele
Partner at e.ventures
Christian is a Partner at
e.ventures in the Berlin.
Previously, Christian was
leading the international
expansion at
Kreditech.com. Prior to
that, Christian exited
mobile marketplace
Todaytickets.de, which he
founded alongside German
media conglomerate
ProsiebenSat.1 AG.
On Berlin

71. "The Greater Bay Area is the only hub in the world
that houses world-class cities in financial services,
manufacturing, supply chain and logistics, all within
driving distance. The region is home to 5% of the
Chinese population, but represents 12% of the
country’s GDP. Hong Kong and Shenzhen in
particular have become leading technology hubs in
Asia, supported by a deep talent pool in industry as
well as technology. I believe the Chinese
government is committed to making the GBA a
home for domestic as well as international talent,
and in due time will challenge for the top spot
globally.”
William Chu
Managing Partner at
SparkLabs Fintech
William Chu is our Managing
Partner at SparkLabs FinTech
and oversees our Ping An
Cloud Accelerator Powered
by SparkLabs. Previously,
Executive Director at Zheng
He Capital, a private equity
firm focused on fintech and
healthcare, where he was the
lead investor in US$500M
Series A of Ping An Good
Doctor.
On Shenzhen

72. About SparkLabs Group
www.sparklabsglobal.com

73. SparkLabs Group is a network of startup accelerators and venture
capital funds, which was founded in 2013.
Founded in 2013, SparkLabs Group (www.sparklabsgroup.com) comprises of
accelerator operations in Seoul (1st launched in Dec 2012), Beijing, Shenzhen,
Taipei, and Sydney; new accelerators in Muscat, Oman, Washington D.C., and
with Arizona State University in Tempe, AZ; SparkLabs Global Ventures, a global
seed-stage fund; SparkLabs Capital, a late stage investment vehicle, and
SparkLabs Ventures, our early-stage fund for South Korea and SE Asia.
Our team previously has led investments in Siri (sold to Apple), DeepMind
(sold to Google for over $500M), Ping An Good Doctor ($7.45 billion IPO),
Spotify (board member), Studio Ex (co-founded, sold to Disney), Hostway (co-
founded, sold to a PE fund) and co-founded such companies as Coupang and
Kiva.org.

74. Sweden
USA
United Kingdom
Australia Peru Saudi Arabia
takko
We have invested in over 260
companies through all of our
entities and across 6 continents
since 2013. Here is a selection
of our investments.
Brazil
Nigeria India

75. South Korea
Singapore
Israel Ireland France Malaysia
Vietnam Hong Kong
Taiwan
Ireland

76. Thank you!
www.sparklabsgroup.com